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Robin Andrews led contentious litigation against Musk that was filed shortly before President Trump took office.
Elon Musk accused the Securities and Exchange Commission (SEC) of launching a purely politically motivated probe into his ...
The Securities and Exchange Commission is continuing its $150 million lawsuit against Elon Musk that was brought during the ...
The SEC is suing Elon Musk for $150M, alleging he delayed disclosing his Twitter stake in 2022, saving millions before the $44B X takeover.
According to the SEC, Musk’s delayed disclosure in April 2022—21 days after his purchase—enabled him to acquire more shares at lower prices, saving him $150 million on his Twitter acquisition.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
Elon Musk, the world's richest man and a top adviser to U.S. President Donald Trump, was issued a summons in connection with the Securities and Exchange Commission's lawsuit against him, a court ...
On Jan. 14 – six days ahead of Trump's inauguration – the SEC filed the lawsuit against Musk, arguing he underpaid more than $150 million by failing to disclose his stake in Twitter.
Regarding the fine, the SEC will keep $50 million and Ripple will collect the balance of $75 million from the originally ordered fine of $125 million, Alderoty said. The funds are already deposited in ...
Musk’s disclosure in April 2022 sent Twitter’s share price soaring 27% over the previous close. Because Musk's disclosure came 21 days after his purchase, the SEC has said, he was able to buy ...